For Sale
$514,285

9222 Highway 59 Cedarville, AR 72932

Arkansas Retail Store - Excellent NOI

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a single-tenant, 7,500 square foot Dollar General storefront located at 9222 N Hwy 59, Cedarville, Arkansas 72932. The property sits on a one-acre lot and boasts 100% occupancy with a strong, established tenant. The current lease is a Net-Net-Net (NNN) agreement with a remaining term of four years, extending to February 2027, after a recent renewal and extension in December 2022. The asking price is $514,285, representing a compelling price per square foot of $68.57 and a 7.00% cap rate based on a current Net Operating Income (NOI) of $36,000. Annual rent escalates to $38,160 as of April 2024. This property offers a stable, passive income stream with significant upside potential due to the strong tenant and favorable lease terms. The location in Crawford County, Arkansas, provides excellent visibility and accessibility. This is a turnkey investment ideal for those seeking a low-maintenance, high-return retail property. The single-story building is well-maintained and situated on a convenient, easily accessible lot. This is a rare opportunity to acquire a proven, successful Dollar General location with a long-term lease. Don't miss out on this exceptional investment opportunity.

Highlights

  • 7,500 SF Dollar General storefront on a 1-acre lot in Cedarville, AR.
  • 100% occupancy with a NNN lease expiring February 2027.
  • $514,285 asking price, $68.57/SF, 7.00% cap rate based on $36,000 NOI.
  • Annual rent escalates to $38,160 in April 2024.

Property Details for 9222 Highway 59

Property type
Retail properties, Retail space
Square Feet
7,500 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Cedarville
County
Crawford
State
Arkansas
Latitude
35.571887133281
Longitude
-94.368718553003

FAQs

What type of property is this?
Retail property - Arkansas Retail Store - Excellent NOI
Where is the retail property located?
The property is located at 9222 Highway 59 Cedarville, AR.
What is the asking price?
The asking price for this property is $514,285.
What are key features of this property?
This property features: 7,500 SF Dollar General storefront on a 1-acre lot in Cedarville, AR.; 100% occupancy with a NNN lease expiring February 2027.; $514,285 asking price, $68.57/SF, 7.00% cap rate based on $36,000 NOI.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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9222 Highway 59
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